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The Performance of Socially Responsible Investments : Are Swedish mutual funds forced to pay a price for doing good?Molander, Gordon, Jönsson Asp, Carl January 2021 (has links)
The financial performance of Socially Responsible Investing (SRI) strategies is heavily debated in the modern age. Due to lack of evidence on Swedish SRI performance, Swedish investors are uncertain about placing their financial assets in these strategies as they are afraid expected to sacrifice their financial return for doing good. The purpose of this study is to examine and evaluate the financial and risk-adjusted performance of Swedish registered SRI mutual equity funds compared to conventional mutual equity funds during 2010-2020. The study’s dataset consists of a total of 236 mutual equity funds, with a sample of 133 SRI funds and 103 conventional funds. Financial performance measures used in this study are alpha, estimated through the Carhart four-factor model, and the Sharpe Ratio. The analysis between SRI mutual equity funds and conventional mutual equity funds indicated an insignificant difference in both financial and risk-adjusted performance. Based on the evidence provided, the study concludes that Swedish investors who put ethical, environmental and social values into their investment decision making process do not have to sacrifice their expected financial return, nor will their investment entail a higher degree of risk.
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The Significance of Information on the Swedish Stock Market : Investigating ESG during Covid-19Jäger, Julia, Lundberg, Amanda January 2022 (has links)
The aim of this thesis is to investigate whether certain information, in this case, ESG rating, contributes to better firm performance on the stock market during Covid-19, or whether variables such as size and industry have a higher degree of explanation. The thesis takes on a quantitative method and uses statistical models to analyze secondary data from Refinitiv Eikon. Empirical results provide no evidence that ESG ratings would affect stock market performance during Covid-19. Furthermore, size and industry do not increase the degree of explanation for the relationship. This can be explained by investors' outlook on sustainable investments and the relevance of ESG on the Swedish stock market. Previous research on the relationship between performance in the stock market and ESG ratings has mainly examined larger economies such as the US and the UK or had a global focus. By focusing on the Swedish stock market and including the variables size and industry in the relationship between stock performance and ESG, the thesis adds to a further understanding of the Swedish stock market. This thesis also broadens the perspective of ESG by questioning it as a relevant source of information.
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Changes in Experiences of Accessing Healthcare: Perspectives of Sri Lankan Tamil CanadiansKarunakaran, Meera January 2022 (has links)
Background: Currently, there is limited research on the importance and need for access to healthcare amongst refugee and immigrant populations in Canada. Amongst such populations are the Sri Lankan Tamils in Canada, who arrived in Canada as either refugees or immigrants due to the ongoing war in Sri Lanka in the late 1980s. Although Canada is home to the majority of Sri Lankan Tamils, there is minimal research showcasing the need and access to better healthcare for such individuals who have fled from a crisis, the civil war in Sri Lanka. As such, this study aims to assess and understand the experiences of the Canadian Sri Lankan Tamils in accessing healthcare upon their initial arrival to Canada and how these experiences have changed overtime. Methods: An Interpretative Phenomenological Analysis approach was used to conduct semi-structured interviews in English and Tamil with 8 Sri Lankan Tamil Canadians who arrived in Canada during the late 1980s and are currently between the ages of 55-75 years, residing in the Greater Toronto Areas. Interviews were transcribed and analyzed using the IPA to elicit themes. Results: The interviews revealed facilitators and challenges to access care within the past and present experiences of Sri Lankan Tamil Canadians. Past experiences revealed facilitators to access care, such as the influences of personal factors, the significance of social support systems and structural facilitators. The impacts of immigration status and acculturation in Canada were identified as barriers to access to care in the past. As for present experiences in accessing care, the degradation of the Canadian healthcare system revealed itself as a barrier to care, whereas settling down as a gradual process came up as a facilitator to accessing healthcare services. Conclusion: While Sri Lankan Tamil Canadian’s perspectives suggested facilitators in accessing care, their experiences still reveal many areas for improvement in the healthcare system for future newcomer populations in Canada. As such, these findings may have implications for policymakers who focus on refugee and immigrant health and service providers working with these populations. / Thesis / Master of Science (MSc)
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Förhållandet mellan tandfärg och hur människors karaktärsdrag uppfattas. En studie utifrån tolkningar hos tandläkarstudenter från Sverige och Sri LankaAl-Binni, Abdallah, Strandberg, Caroline January 2011 (has links)
Inledning: Att skönhet och attraktivitet ger fördelar i livet har bekräftats i många studier. Tänderna är en bidragande faktor till hur människor bedömer varandra. Vita tänder föredras i många fall och missfärgade tänder är minst önskvärt. En studie visar att endast skillnader i tändernas utseende kan påverka hur vi uppfattar en annan människa och vackrare tänder kan få en person att uppfattas som mer intelligent och mer framgångsrik.Syfte: Syftet med studien var att undersöka om det finns någon skillnad i bedömningen av personlighetsdrag utifrån ett blekt, ett missfärgat och ett omanipulerat bett, samt jämföra resultatet mellan hur tandläkarstudenter i Sverige och Sri Lanka bedömer detta.Material och metod: Ett fotografi på en man och en kvinna manipulerades till tre olika utseenden: Blekt, omanipulerat och missfärgat. En enkät för att mäta karaktärsdrag utformades. Enkäten, ett fotografi av sex möjliga och ett informationsblad delades ut till totalt 126 tandläkarstudenter på respektive universitet. Resultat: Signifikanta skillnader fanns i Sverige mellan kvinnan med det blekta bettet och kvinnan med det missfärgade bettet. I Sri Lanka fanns en signifikant skillnad mellan det omanipulerade bettet på kvinnan och det missfärgade bettet på kvinnan. Slutsats: Det fanns ingen signifikant skillnad mellan Sverige och Sri Lanka på hur bilderna bedömdes. Inom länderna fanns dock signifikanta skillnader på hur studenterna tolkade karaktärsdragen på de olika bilderna. I Sverige bedömdes det blekta bettet som mest positivt och det missfärgade som mest negativt. I Sri Lanka bedömdes det omanipulerade bettet som mest positivt och det missfärgade som mest negativt.
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Modern Sannyasins, Parallel Society and Hindu Replications: A Study of the Protestant Contribution to Tamil Culture in Nineteenth Century Sri Lanka against a Historical BackgroundHoole, Charles R. January 1993 (has links)
<p>This thesis is a study of the patterns of change within Sri Lankan Tamil tradition, with a particular focus on the nineteenth century. It endeavours to accomplish two things. First, by the examination of colonial Sri Lanka against a detailed consideration of the pre-existing society and culture, the thesis shows that the colonial period, far from being one of great change and disjunction with the past, in fact experienced a very gradual course of social change which was facilitated by the widespread incorporation of traditional structures that gave colonial society a much needed stability and a peaceful environment where trade and commerce could prosper. ~econdly, by taking this approach, the thesis demonstrates that the nineteenth century Anglo-Saxon Protestant missionaries eventually fell into the traditional role of sannyasins, a role, as this work shows, that had been adopted by the Jain mendicants and the Buddhist bhikkhus who had preceded them. The thesis first demonstrates that the sannyasin, although in a fundamental sense an enemy of caste, having turned his or her back on caste society, has nevertheless deeply influenced Hindu society, partfcularly when organized as a community of renouncers. The thesis then goes on to argue that the Protestant sannyasins likewise, in the establishment of male and female boarding schools, advocated a form of communal renunciation, which contributed .to the formation of a parallel society alongside the caste society, and which became instrumental in initiating many changes within Tamil culture in Sri Lanka.</p> / Doctor of Philosophy (PhD)
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A study on entrepreneurial attitudes of upcountry vegetable farmers in Sri LankaRohitha Rosairo, H.S., Potts, David J. 23 May 2016 (has links)
Yes / Purpose
– The purpose of this paper is to investigate the entrepreneurial attitudes of upcountry vegetable farmers in Sri Lanka with respect to the characteristics of innovation, opportunity seeking and risk taking and considers their implications for rural development efforts.
Design/methodology/approach
– The study was carried out in the hilly areas of the Badulla district in the Uva Province of Sri Lanka. Primary data were collected through a survey using a researcher-administered questionnaire as the data collection instrument and the individual farmer as the unit of analysis.
Findings
– Most vegetable farmers in the upcountry areas were found to be attitudinally entrepreneurial. Entrepreneurial attitudes were determined more by educational background and farming experience than age, gender, extent of farmland, type of farming and ownership of farmland. Farming experience related positively with innovation, opportunity seeking and risk taking, but farmers’ educational background showed no significant association with innovation.
Research limitations/implications
– It is suggested that farmer-owned companies with appropriate institutional arrangements could reduce transaction costs for buyers, and introduce accessible rural finance schemes to enhance provision of assets and technology. Such a rural setting would gain from initiatives on marketing alternatives and entrepreneurial skill development. Future research could benefit from analysis of the financial and social performance and entrepreneurial skills of vegetable farmers.
Originality/value
– The entrepreneurial attitude of farmers is an under-researched area of study particularly in the Sri Lanka context. Rural development initiatives could target entrepreneurial farmers based on these criteria to achieve maximum production impact. However care needs to be taken to consider the potential distributive impact of such targeting on farmers regarded as non-entrepreneurial. / This publication would not have been possible without the funding provided by the Association of Commonwealth Universities (ACU) under its academic fellowship programme. Assistance provided by Ellie Fixter (ACU, London) and Max Wellingham (British Council, Manchester) is sincerely appreciated.
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Physiological and agronomic aspects of rice varietal responses to low and high nitrogen managementJoseph, K. D. S. Mervyn 13 October 2005 (has links)
Modern rice (Oryza sativa L.) varieties produce very high yields under high input and favorable environments. Limited work has been done to develop plant types suitable for less than optimal environments at moderate N management levels. The objectives of this study were: 1) to examine the relationship between the uptake of N and different leaf characteristics, sink size, and grain yield of three morphologically distinct rice varieties; 2) to examine the CO2 exchange rates (CER) of rice varieties in relation to light, N management, water use efficiencies (WUE), and N use efficiency (NUE): and 3) to determine characteristics of rice varieties that are associated with productive potentials under low N management levels. A greenhouse experiment was conducted in 1989 at Virginia Polytechnic Institute and State University, Blacksburg, VA and a field experiment was conducted in Sri Lanka at two locations in 1990. In the greenhouse experiment three varieties (a traditional, an intermediate, and a modem variety) were grown under four N management (rate and time) treatments: viz 1) a 0 N control, 2) 200 mg N kg⁻¹ of soil split into two applications, 3) 200 mg N kg⁻¹ of soil split into three applications, and 4) 400 mg N kg⁻¹> of soil split into three applications. Competitive use of fertilizer N for the development of either large leaf area or high leaf N content per unit leaf area (LNLA) varied with the rate and timing of N fertilizer application and rice variety. When N supply was limited and early N applications were restricted, the intermediate variety increased LNLA in the flag leaf with little increase in total leaf area of the plant. Specific leaf weight did not differ with N management except for the low value of the N control treatment. Increased N applications reduced stomatal density. Total stomatal number leaf⁻¹ varied little within cultivars indicating that N fertilization enables the leaf to increase leaf area and thereby disperses the fixed number of stomates. Carbon dioxide exchange rates were higher in the flag leaf than lower leaves and were directly correlated to LNLA. / Ph. D.
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Rice policies in Sri Lanka: analysis of supply response with endogenous technologyAtapattu, Nihal K. 06 June 2008 (has links)
Sri Lanka achieved a high level of self-sufficiency in rice in the 1980s through a series of investments on irrigation, technological change, and marketing and trade policies. However, more than two decades of expansion in the international rice market has diminished the validity of rice self-sufficiency policies as an economic development strategy. As a consequence, trends in the international market through their impacts on reducing investments such as rice research, extension, and irrigation development have adversely affected the ability of Sri Lanka to maintain the same levels of rice self-sufficiency in the future. In the domestic policy area however, some degree of indecision exists in undertaking reforms necessary to take advantage of the trends in the international rice economy. Given the overwhelming influence rice has on the direction of national agriculture policies in Sri Lanka, it is critical to resolve this indetemlinacy pertaining to rice policies.
The objectives of the present study are to estimate the producers' response to numerous policy variables that impact on the levels of rice production, and the country's ability to manage food-security under a regime of market-friendly policies. A supply response model based on the choice of technique approach with endogenous determination of technology was specified to capture the effects of policy variables on rice output determination. The dynamic effects of technology, prices, and investments on productivity are therefore accounted for in the model. The supply response system is composed of blocks of equations for determination of investment in quasi-fixed inputs, choice of technology, and yields. Data for the period since 1974 during which notable changes took place in the rice supply situation in Sri Lanka were used in the analysis..
Results suggest that a major share of rice output growth in Sri Lanka is explained by the producers' response to government-supplied, technology-related variables such as irrigation and research. Rice supply response to input and output prices was slight relative to the response to technology variables. Model simulations showed that, under a regime of more market friendly policies, continuation of current investment trends and policies would lead to a worsening of rice self-sufficiency levels over the next 10 years. It was also observed that with modest growth in irrigation and research investments, it is possible to maintain rice self-sufficiency at levels comparable to the present. / Ph. D.
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Disaster Response, Peace and Conflict in Post-Tsunami Sri Lanka / Part 1: The Congestion of Humanitarian SpaceHarris, S. January 2006 (has links)
Yes / ¿Part 1: The congestion of humanitarian space¿, assesses what affect the rapid proliferation
of the international aid community¿s presence in Sri Lanka has had on local level
relationships and emergency response capacities. It contends that the burgeoning presence
of aid agencies resulted in humanitarian assistance becoming a hotly contested and
competitive activity. It goes on to identify the possible factors that have contributed to the
rapid congestion of this space in suggesting an explanation of why the humanitarian
communities¿ normative standards appear to have failed.
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Sri Lanka's Muslims: Caught in the Crossfire.Lewis, David January 2007 (has links)
No / Throughout much of the 25-year Sri Lankan conflict, attention has focused on the confrontation between the majority Sinhalese and the minority Tamils. The views of the country¿s Muslims, who are 8 per cent of the population and see themselves as a separate ethnic group, have largely been ignored. Understanding their role in the conflict and addressing their political aspirations are vital if there is to be a lasting peace settlement. Muslims need to be part of any renewed peace process but with both the government and LTTE intent on continuing the conflict, more immediate steps should be taken to ensure their security and political involvement. These include control of the Karuna faction, more responsive local and national government, improved human rights mechanisms and a serious political strategy that recognises minority concerns in the east.
At least one third of Muslims live in the conflict-affected north and east and thus have a significant interest in the outcome of the war. They have often suffered serious hardship, particularly at the hands of the Tamil rebel group, the Liberation Tigers of Tamil Eelam (LTTE). Since 1990 Muslims have been the victims of ethnic cleansing, massacres and forced displacement by the insurgents.
The 2002 ceasefire agreement (CFA) was a disappointment to many Muslims. They had no independent representation at the peace talks, and many feared that any agreement that gave the LTTE exclusive control of the north and east, even in a federal arrangement, would be seriously detrimental to their own interests. Despite talks between Muslim leaders and the LTTE, they continued to suffer violent attacks. Since the resumption of large-scale military action in mid-2006, Muslims have again been caught up in the fighting in the east. Dozens have been killed and thousands displaced. They have also come into conflict with a new, pro-government Tamil paramilitary group, the Karuna faction. Memories of LTTE oppression are still fresh, and rancorous disputes with Tamils over land and resources remain potent in the east.
Muslim political leaders have often been divided, representing different historical experiences and geographical realities as well as personal and political differences. Muslims in the east and north ¿ who have been fundamentally affected by the conflict ¿ often have very different views from those who live in the south among the Sinhalese. Nevertheless, there is consensus on some key issues and a desire to develop a more united approach to the conflict.
Muslims have never resorted to armed rebellion to assert their political position, although some have worked with the security forces, and a few were members of early Tamil militant groups. Fears of an armed movement emerging among Muslims, perhaps with a facade of Islamist ideology, have been present since the early 1990s, but most have remained committed to channelling their frustrations through the political process and negotiating with the government and Tamil militants at different times.
There is no guarantee that this commitment to non-violence will continue, particularly given the frustration noticeable among younger Muslims in the Eastern province. In some areas there are Muslim armed groups but they are small and not a major security threat. Fears of armed Islamist movements emerging seem to be exaggerated, often for political ends. Small gangs have been engaged in semi-criminal activities and intra-religious disputes, but there is a danger they will take on a role in inter-communal disputes if the conflict continues to impinge upon the security of co-religionists.
There is increasing interest among some Muslims in more fundamentalist versions of Islam, and there have been violent clashes between ultra-orthodox and Sufi movements. This kind of violence remains limited and most Muslims show considerable tolerance to other sects and other faiths. Nevertheless, the conflict is at least partly responsible for some Muslims channelling their frustrations and identity issues into religious disputes.
Muslim peace proposals have tended to be reactive, dependent on the politics of the major Tamil and Sinhalese parties. Muslim autonomous areas in the east are being pursued but seem unlikely to be accepted by the present government. Muslims are concerned about Colombo¿s plans for development and governance in the east, which have not involved meaningful consultation with ethnic minorities and do not seem to include significant devolution of powers to local communities.
In the longer term, only a full political settlement of the conflict can allow historical injustices against the Muslims to be addressed and begin a process of reconciliation. The LTTE, in particular, needs to revisit the history of its dealings with the Muslims if it is to gain any credibility in a future peace process in which the Muslims are involved. Only an equitable settlement, in which Sinhalese, Tamil and Muslim community concerns are adequately addressed, can really contain the growing disillusionment among a new generation of Sri Lankan Muslims.
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